Investors Buy Shares of Sempra Energy (SRE) on Weakness

Investors bought shares of Sempra Energy (NYSE:SRE) on weakness during trading on Tuesday. $96.02 million flowed into the stock on the tick-up and $73.50 million flowed out of the stock on the tick-down, for a money net flow of $22.52 million into the stock. Of all stocks tracked, Sempra Energy had the 24th highest net in-flow for the day. Sempra Energy traded down ($0.85) for the day and closed at $103.40

A number of research analysts have recently commented on the stock. Bank of America assumed coverage on shares of Sempra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective for the company. UBS Group assumed coverage on shares of Sempra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $124.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Wells Fargo & Co reaffirmed a “buy” rating and set a $121.00 price objective (down previously from $130.00) on shares of Sempra Energy in a research note on Wednesday, January 3rd. Finally, Goldman Sachs Group raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $121.89.

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. The company has a market capitalization of $28,406.32, a price-to-earnings ratio of 19.15, a PEG ratio of 2.11 and a beta of 0.56.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, December 28th. Sempra Energy’s payout ratio is currently 72.95%.

Several large investors have recently modified their holdings of SRE. MHI Funds LLC purchased a new stake in shares of Sempra Energy during the 4th quarter worth about $130,000. Front Row Advisors LLC purchased a new stake in shares of Sempra Energy during the 4th quarter worth about $130,000. Calton & Associates Inc. purchased a new stake in shares of Sempra Energy during the 4th quarter worth about $139,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Sempra Energy during the 3rd quarter worth about $153,000. Finally, Rocky Mountain Advisers LLC purchased a new stake in shares of Sempra Energy during the 3rd quarter worth about $183,000. Institutional investors and hedge funds own 73.59% of the company’s stock.

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Sempra Energy Company Profile

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

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